Short Interest in DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) Drops By 58.8%

DoubleLine Commodity Strategy ETF (NYSEARCA:DCMT) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,346 shares, a decrease of 58.8% from the May 31st total of 8,125 shares. Based on an average trading volume of 4,976 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

DoubleLine Commodity Strategy ETF Stock Down 0.0%

Shares of NYSEARCA DCMT traded down $0.01 during mid-day trading on Monday, hitting $30.72. The company’s stock had a trading volume of 2,410 shares, compared to its average volume of 5,400. The company’s fifty day simple moving average is $34.01 and its 200-day simple moving average is $30.88. DoubleLine Commodity Strategy ETF has a one year low of $25.76 and a one year high of $36.41.

Institutional Trading of DoubleLine Commodity Strategy ETF

A number of institutional investors and hedge funds have recently modified their holdings of DCMT. Foundations Investment Advisors LLC raised its holdings in DoubleLine Commodity Strategy ETF by 16.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 721,951 shares of the company’s stock worth $18,841,000 after purchasing an additional 103,834 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of DoubleLine Commodity Strategy ETF by 3.8% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 55,489 shares of the company’s stock valued at $1,448,000 after purchasing an additional 2,018 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new position in DoubleLine Commodity Strategy ETF during the 4th quarter worth approximately $307,000. Jane Street Group LLC bought a new position in DoubleLine Commodity Strategy ETF in the second quarter valued at $215,000. Finally, Lewis Asset Management LLC bought a new position in shares of DoubleLine Commodity Strategy ETF in the 1st quarter valued at about $477,000.

DoubleLine Commodity Strategy ETF Company Profile

The DoubleLine Commodity Strategy ETF (DCMT) is an exchange-traded fund that mostly invests in broad market commodities. The fund provides broad commodity exposure through an actively managed portfolio of commodity-linked derivative instruments. The fund seeks total returns throughout an entire market cycle. DCMT was launched on Jan 31, 2024 and is issued by DoubleLine.